The gold and silver merchants' federation claims that the tax policy of US President Donald Trump, the volatile negotiations on the Russia-Ukraine war, etc. have increased the price of gold.
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The price of gold has reached 200,000 rupees. The price of printed gold has increased by 4 thousand rupees per tola on Friday, according to the Federation of Nepal Gold and Silver Traders. Gold traded at 170,500 rupees per tola on Wednesday, so it was traded on Thursday as it was a public holiday.
According to the federation, the price of gold reached 174,500 rupees per tola on Friday. Which is the highest ever. Experts say that after the increase in investment in gold, which is known as a safe investment, the price has set another record. General Secretary of the Federation Kiranbhai Bajracharya said that the price of gold has increased in Nepal due to various international reasons including US President Donald Trump's tax policy, unstable negotiations on the Russia-Ukraine war.
"Trump is increasing the customs rate on the import of foreign goods, Trump's role is also negative in the Russia-Ukraine war," he said, "These various reasons are helping to increase the price of gold." The price may increase further.' He says that gold has to be imported from abroad and because it is seen as safe for investment, everyone is betting on its business. Bajracharya also informed that various countries, including China, are stockpiling gold by importing it.
Not only in the domestic market but also in the international market on Friday, the price of gold set a new record. For the first time, the price of gold exceeded $3,000 per ounce, according to Reuters. According to Reuters, the price set a record as investors flocked to the safe-haven gold market to avoid economic uncertainty caused by Trump's tax war. The "spot" price of gold rose to $3004.86 per ounce on Friday, making it the thirteenth highest price of 2025, according to the Economics Times.
27 percent rise in 2024 The price of gold has already risen 14 percent this year, according to the Economics Times. The spot price of gold refers to the current rate, while the yellow metal can be bought or sold at a specified place and time.
There are many reasons for the central bank's continuous purchase of gold to increase its demand. "Geopolitical uncertainty and ongoing changes in tax rates will continue to drive gold demand and prices," analyst Suki Cooper told The Economics Times. While Trump's protectionist tax policy is shaking the world market, China and Canada have also started to respond quickly.
The equity market is selling off due to unexpected political risks and Western investors are starting to see benefits in gold, said John Ciampaglia, chief executive officer (CEO) of Sprott Asset Management. "We're starting to see Western investors move back into gold, which could push gold prices much higher," John said.
After the upheaval in the stock market due to Trump's policy, troubled investors who are looking for safe assets have gone to gold, which has reached a record of $3,000 per ounce, according to Reuters. Gold has traditionally been seen as a safe store of value during times of geopolitical turmoil. According to Reuters, the price of gold has also increased due to Trump's tax policy and selling pressure in the stock market.
In Nepal, the price of gold reached 1 lakh 71 thousand rupees per tola on November 15, 2081. According to the statistics of the Federation, it reached 171 thousand 300 rupees on February 13, 2081. Along with gold, the price of silver has also increased. Silver traded at Rs 2,000 per tola on Wednesday and traded at Rs 2,000 per tola on Friday.
The price of gold in the national and international markets has set a new record, said gold expert Tejaratna Shakya. When the federation set the price of gold on Friday, the price per ounce in the international market was $2,991. "Wednesday was 2,913 dollars, on Friday it increased by 78 dollars," he said. The price of gold rose to $3,040 per ounce in early trading at 9:40 a.m. on Friday.
Although there was an agreement to stop the US-Ukraine-Russia war for a month, Shakya said that due to Russia's refusal, it had a negative impact on the economic sector. "The price of gold will increase further, it cannot be said that it will not reach 200,000 rupees per tola in Nepal soon," he said.
